What is Marshmallowdefi (MASH) | What is Marshmallowdefi token | What is MASH token
In this article, we’ll discuss information about the Marshmallowdefi project and MASH token
Introduction
MarshmallowDeFi (MASH) is the next generation of Automated Market Making (AMM) decentralized exchange with a deflationary governance token model. We are your go-to yield farm running on Binance Smart Chain and Pancakeswap exchange, with lots of other features that let you earn tokens.
As with the current wave of second generation yield farms, the aim is to create a perpetual deflation token, the MASH, with a continual burn mechanism in order to field an environment that can sustain long term gains with consistently high APR for greater earnings.
Features
Burning Mechanism
We have implemented a perpetual burning mechanism that serves as a mechanism to ensure that MASH is kept consistently high. In particular:
- A 5% burn fee will be charged at staking;
- 80% of the burn fee will be used to buyback MASH and burn it;
- 10% will be sent to the developer’s address;
- 10% will be held in escrow for MarshmallowDeFi, for future projects; and
- We’re in the process of introducing unique Marshmallow NFTs as a further means by which MASH will be burned so as to keep the value high.
Security
- Timelock added to contract at launch; and
- Removed migrator code (inherited from Pancake swap).
After due thanks and the updating of the achieved goals, it is with enthusiasm that we announce the 3 big news:
-
the arrival of the lottery that will allow participants to win rich prizes and the remaining number of tokens collected will be burned automatically to decrease the supply and increase the MASH value.
-
Decentralization of Governance:
It has always been of primary interest to involve the Community and for this reason the governance of the platform will soon become decentralized, thus allowing MASH holders to influence decisions regarding the project.
- As for the latest news … hold on tight !!! We have decided to implement a layer 2 that will allow you to stake and farm REFLECTION TOKEN (such as SafeMars or SafeMoon).
REFLECTION TOKENS are highly sought after because part of the fees constantly accumulate in the holders’ wallets, discouraging the sale and rewarding Holders, and thus avoiding the annoying rag-pool !!
To date we can loudly say that we are the first to implement farming involving these TOKENS!
Marshmallow Token (MASH)
Token Details:
- Ticker: MASH
- Contract address: 0x787732f27d18495494cea3792ed7946bbcff8db2
- Chain: Binance Smart Chain (BEP-20)
- Supply: Unlimited
Emission Rate:
- 1 MASH/block;
- 28,800 MASH/day; and
- 9.09% will be sent to the developer’s address for marketing, dev payout, and to fund future partnership & development (we inherited this model from Goose Finance).
Deflationary Mechanics:
- 4% burn fee will be charged at staking.
Burn:
- 80% of the burn fee will be used to buyback MASH and burn it;
- 10% will be sent to the developer’s address;
- 10% will be held in escrow for MarshmallowDeFi, for future projects; and
- MarshmallowDeFi NFT (in progress) will be a fun and unique way to introduce an additional burning mechanism that will not only provide value to MarshmallowDeFi Fans, but keep the value of MASH high.
How and Where to Buy Marshmallowdefi (MASH)?
MASH token is now live on the Binance mainnet. The token address for MASH is 0x787732f27d18495494cea3792ed7946bbcff8db2. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your wallet to cover the transaction fees.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Next step
Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy MASH token
Contract: 0x787732f27d18495494cea3792ed7946bbcff8db2
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once MASH gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
Find more information MASH
☞ Website ☞ Explorer ☞ Whitepaper ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Message Board ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you
⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐
I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!
#blockchain #bitcoin #mash #marshmallowdefi
